-LRB- CNN -RRB- -- Time is running out for congressional Republicans and President Barack Obama to strike a deal to avert the fiscal cliff . If the two parties ca n't come to an agreement before the end of the year , a combination of broad tax hikes and deep government spending cuts take effect . Experts warn of a new recession if Washington goes over the fiscal cliff .

Here 's a by-the-numbers look at the fiscal cliff and its impact :

The current situation :

$ 16.3 trillion -- The amount of the current national debt .

71 % -- The percentage of every tax dollar going to support Medicare , Medicaid , Social Security and interest on the debt .

2026 -- The year that all federal tax revenue could potentially go to supporting Medicare , Medicaid , Social Security and interest on the debt , unless changes are made .

Fiscal cliff talks still hung up on taxes

What the fiscal cliff will do :

January 2 , 2013 -- The date that automatic tax increases and spending cuts will go into effect , unless a deal is reached .

$ 7 trillion -- The total amount of tax increases and spending cuts included in the fiscal cliff , spread out over the next 10 years .

$ 1.2 trillion -- The amount of deficit reduction possible over the next 10 years , with the fiscal cliff 's spending cuts and tax increases .

Democratic source : GOP calling for permanent extension of cuts for wealthiest 2 %

$ 55 billion -- The amount expected to be cut from non-defense spending in 2013 . This includes education , aviation safety and other programs .

$ 55 billion -- The amount the Department of Defense will have to cut from discretionary spending in 2013 .

$ 500 billion -- The amount the Department of Defense faces in potential cuts over 10 years .

Mother with autistic son worried what fiscal cliff could do to her family

90 % -- The percentage of Americans who will pay more taxes in 2013 , if a deal on the fiscal cliff is n't reached .

$ 2,000 -- Amount the Tax Policy Center estimates that middle class families will have to pay in additional taxes in 2013 , if a deal is n't reached .

Proposals :

$ 1.4 trillion -- The amount the White House has proposed in new tax revenues , to reduce the deficit .

$ 800 billion -- The amount that the GOP has proposed to reduce the deficit , by enacting tax reform and eliminating some deductions and loopholes .

Polls :

49 % -- The percentage of people polled who approve of President Barack Obama 's handling of the fiscal cliff negotiations .

25 % -- The percentage of people polled who approve of House Speaker John Boehner 's handling of the fiscal cliff negotiations .

Polls show Obama has more public support in fiscal cliff talks

42 % -- The percentage of people polled who disapprove of President Barack Obama 's handling of the fiscal cliff negotiations .

49 % -- The percentage of people polled who disapprove of House Speaker John Boehner 's handling of the fiscal cliff negotiations .

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$ 16.3 trillion -- Size of the current national debt

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January 2 , 2013 -- Date that automatic tax hikes and spending cuts will take effect , unless a deal is reached

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$ 7 trillion -- Amount of tax increases and spending cuts included in the fiscal cliff , spread out over the next 10 years

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49 % and 25 % -- Americans surveyed who approve of the way President Obama and Speaker Boehner are handling the fiscal cliff , respectively